Board of Governors of the Federal Reserve System

Data Dictionary

Item Number B987

Call confidentiality applies to FFIEC 031/041.

Data Description:

Report the outstanding amount of federal funds sold, i.e., immediately available funds lent (in domestic offices) under agreements or contracts that have an original maturity of one business day or roll over under a continuing contract, excluding such funds lent in the form of securities purchased under agreements to resell (which should be reported in Schedule RC, item 3.b) and overnight lending for commercial and industrial purposes (which generally should be reported in Schedule RC, item 4.b). Transactions that are to be reported as federal funds sold may be secured or unsecured or may involve an agreement to resell loans or other instruments that are not securities. Immediately available funds are funds that the purchasing bank can either use or dispose of on the same business day that the transaction giving rise to the receipt or disposal of the funds is executed. A continuing contract, regardless of the terminology used, is an agreement that remains in effect for more than one business day, but has no specified maturity and does not require advance notice of the lender or the borrower to terminate. Report federal funds sold on a gross basis; i.e., do not net them against federal funds purchased, except to the extent permitted under FASB Interpretation No. 39. Also exclude from federal funds sold: Also exclude from federal funds sold: (1) Sales of so-called "term federal funds" (as defined in the Glossary entry for "federal funds transactions") (report in Schedule RC, item 4.b, "Loans and leases, net of unearned income"). (2) Securities resale agreements that have an original maturity of one business day or roll over under a continuing contract, if the agreement requires the bank to resell the identical security purchased or a security that meets the definition of substantially the same in the case of a dollar roll (report in Schedule RC, item 3.b, "Securities purchased under agreements to resell"). (3) Deposit balances due from a Federal Home Loan Bank (report as balances due from depository institutions in Schedule RC, item 1.a or 1.b, as appropriate). (4) Lending transactions in foreign offices involving immediately available funds with an original maturity of one business day or under a continuing contract that are not securities resale agreements (report in Schedule RC, item 4.b, "Loans and leases, net of unearned income"). COMPARABILITY: Beginning 3/31/03, reported as a derived item on Schedule RAL for the FFIEC 002 report which includes RCFDC412 plus RCFDC413 = RCFDB987; RCFNC412 plus RCFNC413 = RCFNB987; RCFDB987 (D) minus RCFNB987 (D) = RCONB987. NOTE: Reported on Schedule HC for the FR Y-9C (BHCK) report. Reported on Schedule RC for the FFIEC 031 and 041 reports. For the UBPR series, the FDIC's Data Element name is H-FFSDOM1D This variable is used by the FDIC and OCC in the process to generate the UBPR in the Central Data Repository (CDR). The Board does NOT store this MDRM within the UBPR series tables in the Board's Financial Data Repository (FDR). BAGR Original Variable name: FFUNDSDO Formula: FFUNDSDO=IF DT ge 20020331 THEN FFUNDSDO=RCONB987/1000;